Pflug Koory LLC reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 34.8% during the third quarter, Holdings Channel reports. The fund owned 9,640 shares of the home improvement retailer’s stock after selling 5,150 shares during the quarter. Pflug Koory LLC’s holdings in Lowe’s Companies were worth $1,107,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. ING Groep NV boosted its stake in shares of Lowe’s Companies by 13.7% during the 3rd quarter. ING Groep NV now owns 78,581 shares of the home improvement retailer’s stock worth $9,023,000 after purchasing an additional 9,465 shares during the period. McKinley Carter Wealth Services Inc. purchased a new position in shares of Lowe’s Companies during the 3rd quarter worth about $1,066,000. Princeton Portfolio Strategies Group LLC boosted its stake in shares of Lowe’s Companies by 38.8% during the 3rd quarter. Princeton Portfolio Strategies Group LLC now owns 6,234 shares of the home improvement retailer’s stock worth $716,000 after purchasing an additional 1,742 shares during the period. Motley Fool Asset Management LLC boosted its stake in shares of Lowe’s Companies by 19.6% during the 3rd quarter. Motley Fool Asset Management LLC now owns 10,460 shares of the home improvement retailer’s stock worth $1,201,000 after purchasing an additional 1,716 shares during the period. Finally, Trust Co. of Toledo NA OH boosted its stake in shares of Lowe’s Companies by 1.7% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 39,263 shares of the home improvement retailer’s stock worth $4,508,000 after purchasing an additional 644 shares during the period. 74.65% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Marshall A. Croom sold 15,735 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total value of $1,803,388.35. Following the completion of the sale, the chief financial officer now owns 63,099 shares in the company, valued at approximately $7,231,776.39. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lisa W. Wardell purchased 273 shares of Lowe’s Companies stock in a transaction dated Friday, August 24th. The stock was acquired at an average price of $107.72 per share, with a total value of $29,407.56. Following the acquisition, the director now owns 273 shares in the company, valued at approximately $29,407.56. The disclosure for this purchase can be found here. 0.30% of the stock is owned by insiders.

Lowe’s Companies stock opened at $95.65 on Tuesday. The stock has a market capitalization of $78.26 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 1.30 and a beta of 1.52. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.06 and a quick ratio of 0.25. Lowe’s Companies, Inc. has a 1 year low of $77.14 and a 1 year high of $117.70.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.05. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 EPS. As a group, research analysts expect that Lowe’s Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 23rd will be given a $0.48 dividend. The ex-dividend date is Tuesday, January 22nd. This represents a $1.92 annualized dividend and a yield of 2.01%. Lowe’s Companies’s dividend payout ratio (DPR) is 43.74%.

A number of equities analysts recently commented on LOW shares. Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research note on Tuesday, July 24th. Loop Capital set a $115.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Wednesday, July 18th. Argus lifted their price target on shares of Lowe’s Companies to $120.00 and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Deutsche Bank lifted their price target on shares of Lowe’s Companies to $118.00 and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Finally, Bank of America lifted their price target on shares of Lowe’s Companies from $113.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $112.41.

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About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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